State Board of Administration of Florida Retirement System Holds Stake in Sabra Health Care REIT Inc (SBRA)

State Board of Administration of Florida Retirement System maintained its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,607 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned 0.08% of Sabra Health Care REIT worth $1,260,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Acrospire Investment Management LLC bought a new position in shares of Sabra Health Care REIT during the third quarter valued at approximately $103,000. Russell Investments Group Ltd. bought a new position in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $120,000. Daiwa Securities Group Inc. increased its position in shares of Sabra Health Care REIT by 11.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,400 shares of the company’s stock valued at $136,000 after buying an additional 570 shares during the period. US Bancorp DE increased its position in shares of Sabra Health Care REIT by 6.6% in the third quarter. US Bancorp DE now owns 5,508 shares of the company’s stock valued at $138,000 after buying an additional 342 shares during the period. Finally, CIBC Asset Management Inc bought a new position in shares of Sabra Health Care REIT during the third quarter valued at approximately $200,000. Institutional investors own 92.07% of the company’s stock.

Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

Shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) opened at 26.96 on Tuesday. The firm has a market cap of $1.76 billion, a P/E ratio of 29.30 and a beta of 1.10. Sabra Health Care REIT Inc has a 52 week low of $18.80 and a 52 week high of $27.65. The stock has a 50 day moving average of $26.15 and a 200 day moving average of $24.36.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. Sabra Health Care REIT had a return on equity of 7.05% and a net margin of 27.18%. The business earned $61.80 million during the quarter, compared to the consensus estimate of $58.23 million. During the same period in the prior year, the company earned $0.64 EPS. Sabra Health Care REIT’s revenue for the quarter was down 7.5% on a year-over-year basis. Equities analysts forecast that Sabra Health Care REIT Inc will post $1.50 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 15th were given a dividend of $0.42 per share. The ex-dividend date was Monday, February 13th. This represents a $1.68 annualized dividend and a dividend yield of 6.23%. Sabra Health Care REIT’s dividend payout ratio is currently 178.72%.

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Several equities analysts have commented on SBRA shares. Zacks Investment Research upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Saturday, February 25th. Stifel Nicolaus increased their price target on Sabra Health Care REIT from $24.00 to $26.00 and gave the company a “hold” rating in a report on Monday, February 27th. Jefferies Group LLC reiterated a “hold” rating and set a $25.00 price target on shares of Sabra Health Care REIT in a report on Tuesday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Sabra Health Care REIT in a report on Wednesday, December 28th. Finally, Mizuho reiterated a “neutral” rating and set a $28.00 price target (up previously from $22.00) on shares of Sabra Health Care REIT in a report on Monday, February 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $26.25.

About Sabra Health Care REIT

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

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